Loading...

Polytec Holding

WBAG:PYT
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PYT
WBAG
€227M
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

Polytec Holding AG, together with its subsidiaries, manufactures and sells engine bay or vehicle exterior components and modules for the automotive industry in Austria, Germany, Rest of European Union, and internationally. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
PYT Share Price and Events
7 Day Returns
11.4%
WBAG:PYT
6.9%
Europe Auto Components
3.4%
AT Market
1 Year Returns
-32.3%
WBAG:PYT
-21.7%
Europe Auto Components
-2%
AT Market
PYT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Polytec Holding (PYT) 11.4% 19.6% 8.6% -32.3% 26.6% 38.8%
Europe Auto Components 6.9% 10.9% 19.9% -21.7% -5.7% 6%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • PYT underperformed the Auto Components industry which returned -21.7% over the past year.
  • PYT underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
PYT
Industry
5yr Volatility vs Market
Related Companies

PYT Value

 Is Polytec Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Polytec Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Polytec Holding.

WBAG:PYT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:PYT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.157 (1 + (1- 25%) (77.26%))
1.555
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.555 * 6.51%)
10.63%

Discounted Cash Flow Calculation for WBAG:PYT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Polytec Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:PYT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.63%)
2019 -1.85 Analyst x2 -1.67
2020 21.80 Analyst x2 17.81
2021 27.35 Analyst x2 20.20
2022 28.80 Analyst x1 19.23
2023 28.30 Analyst x1 17.08
2024 28.00 Est @ -1.07% 15.27
2025 27.83 Est @ -0.6% 13.72
2026 27.75 Est @ -0.27% 12.37
2027 27.75 Est @ -0.03% 11.18
2028 27.78 Est @ 0.13% 10.12
Present value of next 10 years cash flows €135.29
WBAG:PYT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €27.78 × (1 + 0.51%) ÷ (10.63% – 0.51%)
€275.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €275.88 ÷ (1 + 10.63%)10
€100.45
WBAG:PYT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €135.29 + €100.45
€235.73
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €235.73 / 22.00
€10.72
WBAG:PYT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.72
Current discount Discount to share price of €10.32
= -1 x (€10.32 - €10.72) / €10.72
3.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Polytec Holding is available for.
Intrinsic value
4%
Share price is €10.32 vs Future cash flow value of €10.72
Current Discount Checks
For Polytec Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Polytec Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Polytec Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Polytec Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Polytec Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:PYT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.32
WBAG:PYT Share Price ** WBAG (2019-04-18) in EUR €10.32
Europe Auto Components Industry PE Ratio Median Figure of 42 Publicly-Listed Auto Components Companies 13.18x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Polytec Holding.

WBAG:PYT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:PYT Share Price ÷ EPS (both in EUR)

= 10.32 ÷ 1.32

7.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding is good value based on earnings compared to the Europe Auto Components industry average.
  • Polytec Holding is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Polytec Holding's expected growth come at a high price?
Raw Data
WBAG:PYT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
4.8%per year
Europe Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 1.1x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:PYT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.8x ÷ 4.8%

1.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Polytec Holding's assets?
Raw Data
WBAG:PYT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €10.49
WBAG:PYT Share Price * WBAG (2019-04-18) in EUR €10.32
Europe Auto Components Industry PB Ratio Median Figure of 47 Publicly-Listed Auto Components Companies 1.48x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:PYT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:PYT Share Price ÷ Book Value per Share (both in EUR)

= 10.32 ÷ 10.49

0.98x

* Primary Listing of Polytec Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding is good value based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess Polytec Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Polytec Holding has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PYT Future Performance

 How is Polytec Holding expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Polytec Holding expected to grow at an attractive rate?
  • Polytec Holding's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Polytec Holding's earnings growth is positive but not above the Austria market average.
  • Polytec Holding's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:PYT Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:PYT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 4.8%
WBAG:PYT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.5%
Europe Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:PYT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:PYT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 720 2
2022-12-31 699 2
2021-12-31 673 65 33 3
2020-12-31 660 61 31 4
2019-12-31 641 49 28 4
WBAG:PYT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 639 31 29
2018-09-30 651 34 30
2018-06-30 660 44 32
2018-03-31 669 39 37
2017-12-31 678 38 38
2017-09-30 678 53 45
2017-06-30 674 63 46
2017-03-31 673 69 42
2016-12-31 653 71 36
2016-09-30 645 61 28
2016-06-30 643 61 25
2016-03-31 630 57 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Polytec Holding's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • Polytec Holding's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:PYT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Polytec Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:PYT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.50 1.60 1.40 2.00
2020-12-31 1.38 1.46 1.26 4.00
2019-12-31 1.26 1.30 1.23 3.00
WBAG:PYT Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.32
2018-09-30 1.34
2018-06-30 1.47
2018-03-31 1.69
2017-12-31 1.74
2017-09-30 2.03
2017-06-30 2.09
2017-03-31 1.91
2016-12-31 1.65
2016-09-30 1.28
2016-06-30 1.11
2016-03-31 1.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Polytec Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Polytec Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Polytec Holding has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PYT Past Performance

  How has Polytec Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Polytec Holding's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Polytec Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Polytec Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Polytec Holding's 1-year earnings growth is negative, it can't be compared to the Europe Auto Components industry average.
Earnings and Revenue History
Polytec Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Polytec Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:PYT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 639.38 29.12 226.88
2018-09-30 650.89 29.50 228.74
2018-06-30 659.78 32.26 227.15
2018-03-31 669.22 37.25 225.88
2017-12-31 677.72 38.24 224.27
2017-09-30 678.04 44.69 221.76
2017-06-30 674.29 45.91 220.07
2017-03-31 673.32 41.98 222.16
2016-12-31 652.59 36.30 220.86
2016-09-30 644.75 28.08 233.27
2016-06-30 643.03 24.57 229.74
2016-03-31 629.61 23.72 223.00
2015-12-31 628.10 23.72 219.48
2015-09-30 600.89 21.63 200.89
2015-06-30 565.00 18.77 192.28
2015-03-31 530.47 16.29 181.19
2014-12-31 492.62 13.56 169.52
2014-09-30 486.62 14.33 168.75
2014-06-30 484.74 13.58 166.93
2014-03-31 486.02 14.34 166.35
2013-12-31 479.16 14.32 164.55
2013-09-30 470.61 14.47 160.75
2013-06-30 473.78 17.11 160.59
2013-03-31 471.07 17.10 160.77
2012-12-31 483.06 21.69 161.24
2012-09-30 493.68 19.99 166.46
2012-06-30 496.30 20.84 166.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Polytec Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Polytec Holding used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.
  • Polytec Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Polytec Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Polytec Holding has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PYT Health

 How is Polytec Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Polytec Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Polytec Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Polytec Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Polytec Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Polytec Holding Company Filings, last reported 3 months ago.

WBAG:PYT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 238.01 175.38 73.57
2018-09-30 229.90 133.26 28.58
2018-06-30 224.87 136.08 41.93
2018-03-31 229.93 138.70 51.93
2017-12-31 217.49 139.93 56.90
2017-09-30 210.00 143.34 55.36
2017-06-30 202.53 157.40 71.15
2017-03-31 201.36 158.31 83.51
2016-12-31 189.92 153.63 79.54
2016-09-30 175.81 156.36 55.22
2016-06-30 167.76 160.82 50.65
2016-03-31 167.46 166.96 50.86
2015-12-31 162.92 170.04 57.68
2015-09-30 155.91 166.74 44.89
2015-06-30 150.76 171.21 47.68
2015-03-31 150.39 172.40 52.96
2014-12-31 144.29 137.09 111.95
2014-09-30 141.83 151.92 143.43
2014-06-30 138.27 37.75 29.82
2014-03-31 140.35 40.66 32.32
2013-12-31 137.15 34.59 34.17
2013-09-30 133.29 35.36 23.55
2013-06-30 131.10 32.60 20.85
2013-03-31 135.16 22.09 29.67
2012-12-31 132.29 34.97 37.94
2012-09-30 129.35 36.58 35.59
2012-06-30 125.05 37.87 40.29
  • Polytec Holding's level of debt (73.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.3% vs 73.7% today).
  • Debt is not well covered by operating cash flow (17.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).
X
Financial health checks
We assess Polytec Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Polytec Holding has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PYT Dividends

 What is Polytec Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.88%
Current annual income from Polytec Holding dividends. Estimated to be 3.92% next year.
If you bought €2,000 of Polytec Holding shares you are expected to receive €78 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Polytec Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Polytec Holding's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase Polytec Holding before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:PYT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:PYT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.43 2.00
2020-12-31 0.40 4.00
2019-12-31 0.40 4.00
WBAG:PYT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.400 4.240
2018-04-17 0.450 4.279
2017-04-06 0.400 2.281
2016-04-05 0.300 3.378
2015-04-02 0.250 3.330
2015-03-26 0.250 3.103
2014-04-02 0.250 3.550
2013-04-04 0.350 5.235
2012-03-30 0.350 5.770
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000
2009-04-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Polytec Holding only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Polytec Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Polytec Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Polytec Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Polytec Holding has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PYT Management

 What is the CEO of Polytec Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Markus Huemer
COMPENSATION €488,000
AGE 37
TENURE AS CEO 0.3 years
CEO Bio

Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer and Vice President of Business Development at Polytec Holding AG until January 1, 2019. Mr. Huemer served as Deputy Chairman of Polytec Holding AG from January 1, 2014 to December 31, 2018. He serves as a Member of the Supervisory Board at Globe Air AG.

CEO Compensation
  • Markus's compensation has been consistent with company performance over the past year.
  • Markus's remuneration is about average for companies of similar size in Austria.
Management Team Tenure

Average tenure and age of the Polytec Holding management team in years:

0.3
Average Tenure
51.5
Average Age
  • The average tenure for the Polytec Holding management team is less than 2 years, this suggests a new team.
Management Team

Markus Huemer

TITLE
Chairman of the Board & CEO
COMPENSATION
€488K
AGE
37
TENURE
0.3 yrs

Peter Haidenek

TITLE
CFO & Director
COMPENSATION
€329K
AGE
53
TENURE
8.2 yrs

Friedrich Huemer

TITLE
COMPENSATION
€2M
AGE
61
TENURE
0.3 yrs

Heiko Gabbert

TITLE
COO & Director
AGE
50
TENURE
0.3 yrs

Peter Bernscher

TITLE
CSO & Director
AGE
50
TENURE
0.7 yrs

Paul Rettenbacher

TITLE
Head of Investor Relations

Ulrike Huemer

TITLE
Head of Industrial Division
AGE
59

Michael Pausch

TITLE
Head of Product Development Composites
Board of Directors Tenure

Average tenure and age of the Polytec Holding board of directors in years:

11.8
Average Tenure
66
Average Age
  • The average tenure for the Polytec Holding board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Fred Duswald

TITLE
Chairman of the Supervisory Board
AGE
51
TENURE
11.8 yrs

Manfred Trauth

TITLE
Deputy Chairman of the Supervisory Board
AGE
70
TENURE
11.8 yrs

Viktoria Kickinger

TITLE
Member of Supervisory Board
AGE
66
TENURE
13 yrs

Reinhard Schwendtbauer

TITLE
Member of Supervisory Board
AGE
46
TENURE
9.2 yrs

Robert Büchelhofer

TITLE
Member of Supervisory Board
AGE
76
TENURE
14.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Polytec Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Polytec Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PYT News

Simply Wall St News

Is Polytec Holding AG (VIE:PYT) A Financially Sound Company?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Polytec Holding AG (VIE:PYT): Are Analysts Right About The Drop In Earnings?

On 31 December 2018, Polytec Holding AG (VIE:PYT) announced its latest earnings update. … with profits predicted to drop by -7.3% next year

Simply Wall St -

Why Polytec Holding AG (VIE:PYT) Could Be Worth Watching

saw significant share price movement during recent months on the WBAG, rising to highs of €10.1 and falling to the lows of €8.34. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Polytec Holding's current trading price of €8.43 reflective of the actual value of the?

Simply Wall St -

The Polytec Holding Share Price Is Down 45% So Some Shareholders Are Getting Worried

Unfortunately the Polytec Holding AG (VIE:PYT) share price slid 45% over twelve months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … The P/E ratio of 6.57 also points to the negative market sentiment.

Simply Wall St -

Did Polytec Holding AG (VIE:PYT) Use Debt To Deliver Its ROE Of 13%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.13. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Brief Commentary On Polytec Holding AG's (VIE:PYT) Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Do You Know What Polytec Holding AG's (VIE:PYT) P/E Ratio Means?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Based on the last twelve months, Polytec Holding's P/E ratio is 7.17. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Polytec Holding AG (VIE:PYT) A Smart Choice For Dividend Investors?

Over the past 10 years Polytec Holding AG (VIE:PYT) has been paying dividends to shareholders. … The company currently pays out a dividend yield of 4.6% to shareholders, making it a relatively attractive dividend stock. … Does Polytec Holding tick all the boxes of a great dividend stock?

Simply Wall St -

What You Must Know About Polytec Holding AG's (VIE:PYT) Financial Strength

Investors are always looking for growth in small-cap stocks like Polytec Holding AG (VIE:PYT), with a market cap of €203m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Do Insiders Own Shares In Polytec Holding AG (VIE:PYT)?

A look at the shareholders of Polytec Holding AG (VIE:PYT) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of €188m, Polytec Holding is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

PYT Company Info

Description

Polytec Holding AG, together with its subsidiaries, manufactures and sells engine bay or vehicle exterior components and modules for the automotive industry in Austria, Germany, Rest of European Union, and internationally. The company offers passenger car engine parts, including battery panels, timing belt protections, cooling water tubes, engine and water box covers, oil pans, charge-air ducts, fuel distributor rails, electronic boxes, air separator vent pipes, brake fluid reservoirs, chain adjustment systems, expansion pressure systems, cylinder head covers, intake manifolds, and crank case vents. It also provides interior parts, such as trunk load floors, cargo step protection, and trunk lid covers; and non-automotive products comprising drainage systems, transport boxes, and modules of home appliances. In addition, the company offers roof spoilers, cabin steps and tractor fenders, cabin roofs, front lids, side deflectors, bumpers, cab corners, tractor engine hoods; and valve covers, oil pans, and wiring inlet casings for commercial vehicles. Further, it provides trunk lids, tonneau covers, rear spoilers, and scuttle panels, as well as propeller shaft guards, mounting supports, under body shields, and aerodynamic resistance panels for passenger cars; and solar panel frames, conductor rail carriers, parabol reflectors, illumination technology, ground plates, and conveyor and storage systems for other vehicles. Additionally, the company offers original accessories, and small series parts and systems for the automotive industry; and plastic molded parts and polyurethane coatings for various industrial applications. Polytec Holding AG was founded in 1986 and is headquartered in Hörsching, Austria.

Details
Name: Polytec Holding AG
PYT
Exchange: WBAG
Founded: 1986
€226,994,014
21,995,544
Website: http://www.polytec-group.com
Address: Polytec Holding AG
Polytec-Strasse 1,
Hörsching,
Upper Austria, 4063,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG PYT Ordinary Shares Wiener Boerse AG AT EUR 28. Apr 2006
DB P4N Ordinary Shares Deutsche Boerse AG DE EUR 28. Apr 2006
LSE 0GOX Ordinary Shares London Stock Exchange GB EUR 28. Apr 2006
BATS-CHIXE PYTV Ordinary Shares BATS 'Chi-X Europe' GB EUR 28. Apr 2006
Number of employees
Current staff
Staff numbers
4,315
Polytec Holding employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:01
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.